The Secretary of the Treasury affirmed it in a meeting with the executive presidents of the banks held on Thursday.
US Treasury Secretary Janet Yellen told bank chief executives on Thursday that more mergers may be necessary after a series of bank failuresas reported this Friday by the news channel CNN.
Yellen reaffirmed the strength and soundness of the country’s banking system in a meeting with the chief executives of the banks held on Thursday, reported Thursday the Treasury Department it’s a statement.
The meeting with more than two dozen executives called by the Banking Policy Institute It came at a time when the banking sector is struggling after several weeks of turmoil sparked by the sudden bankruptcy of the Silicon Valley Bankwhich prompted regulators to seize two other bankrupt institutions and support uninsured depositors in an effort to allay fears of broader contagion.
While the US Treasury Department report did not mention bank mergers, some sources told CNN that there was talk of consolidation.
Two-year Treasury yields fell about 11 basis points on Thursday after the report, while benchmark 10-year yields fell about 5 basis points.
Source: Ambito
